Reciprocity - Recognition of Some Overseas Qualifications
The Board has reciprocity agreements with countries where it has been established that educational and practice standards are equivalent to those required by the New Zealand Board for obtaining registration.
Historically, reciprocity agreements have been entered into with four organisations and consideration will be given as to their current suitability at the time of application:
Royal Institution of Chartered Surveyors (RICS)
Valuation Faculty (formerly General Practice Division)
Applicants are required to be MRICS with Valuer Registration to Level 3
The Appraisal Institute of Canada
The Australian Property Institute to Associate Status
The Singapore Institute of Surveyors and Valuers (SISV)
Historical Reciprocity Agreements
Registration under historical reciprocity agreements can only be considered following the completion of both a New Zealand Property Law paper and an approved construction paper. These papers must be equivalent to papers on property law and construction achieved for an undergraduate property degree from an accredited New Zealand university. In most cases there will be additional papers to be completed in the lead up to applying for registration. In addition, the applicant must obtain one year’s appropriately supervised practical experience in the valuation of land in New Zealand during the preceding three years. Appropriate supervision means under the guidance and supervision of a registered valuer.
Reciprocity applicants are required to submit an application to the Board that includes 10 sample valuation reports that meet the same criteria as 02.03.02, 03.01.07 and 03.02.02 of the Registration Requirements Manual. The applicant must also provide written confirmation that they are a current financial member in good standing with the appropriate overseas or New Zealand based organisation equivalent in the same discipline. Prior to registration being granted, the applicant must pass an examination conducted by the Board to the professional standard required by the reciprocity agreement and to the same standard as New Zealand qualified applicants.